Nathanael
Short

My short term bearish outlook.

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
181 3 3
If we have indeed started a bearish trend downward, then in about 9-10 hours of sideways movement, I expect I push to the downside to about 800 before correcting back to 900.

If we happen to pop up instead of down, then I have a buy order triggered at 970 as that would suggest we still have some more upside - possibly to the ATH             .

But sticking bearish for now
Nathanael
2 years ago
really close to triggering my buy order...
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Nathanael
2 years ago
Lucky it did not hit my 970 trigger. Still sticking to the original plan, though slightly altered as I did not expect us to move up so high in wave 4. New chart:
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Nathanael
2 years ago
another update, looking good so far.
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